The Failure of Bank Management in the Last Financial Crisis

There is a central problem of banking if you let banks do whatever they want which is to borrow money via deposits and invest at risky. The issue in my view is did the governments. New regulations that were created after the last financial crisis which we called Dodd Frank for short but there were a bunch of regulatory changes that the international level to did those fail. They must have failed because they were thrown aside not only in the US but also in Switzerland as soon as it became clear that bank runs were happening. But I think one has to give the monetary and regulatory authorities very low grades indeed for the way they handled this crisis. This crisis isn't over precisely because of the uncertainty that's been created